Dawn of new Era

Stable activity: 100 million dollars raised again!
Proven ability: UNICORN exit by Outfit7 (Talking Tom).
Increased awareness: legislation issues are getting addressed.
Proper tracking: Dealbook project announced
Over the past ten years this review of deals and startup activity was telling the story of first pioneers, cambrian explosion and exponential growth.
This year we entered a new era, of stability and predictability, which brings new challenges.
Startup ecosystem has demonstrated it is scaled, able, eligible, impactful.
In the next ten years, we need to focus on identification and implementation of appropriate legislative support and proper tracking of activity.
Enough help, entrepreneurs can take it from here.

We have found our benchmark
Investments in start-ups from 2005 to 2016

After phenomenal 2015, last year was a slight step-down, but still impressive - Slovenian founders have raised almost $100M worldwide. We will predict that $100M +/- $20M is a new standard for Slovenian startups.

Investments value
Number of investments

Top Deals of 2016

Urban Mining Company
6/15/2016 - Financing round
$25,000,000
Layer
Financing round
$15,000,000
Iconomi
10/7/2016 - Crowdfunding
$10,576,227
Undisclosed
Financing round
$10,000,000
Emotech
8/9/2016 - Financing round
$10,000,000

$ Value Of Deals By Type

# Number Of Deals By Type

Healthy mix of large and small deals

under $50.000
$335,291
17 investments
$50.000 - $150.000
$2,065,165
24 investments
$150.000 - $1M
$5,828,338
13 investment
$1M - $10M
$16,970,000
7 investments
over $10M
$70,576,227
5 investments

Bravest Startups of 2016

Only 6 startups picked up their bags and went to foreign accelerators to learn new skills and develop new networks. We salute them.

Lock and Charge
World Startup Factory
Hague, Netherlands
Viar
9 mile labs
Seattle
Homey
Innova Memphis
Memphis, Tennessee
Sentinel
Impact Accelerator
Spain
Zenodys
Techfounders
Munich, Germany
Prospeh
H-Farm
Italy

Slovenian startups are very diverse

We started tracking more technological platforms, specifically because it turned out that Slovenian startups are incredibly up-to-date when it comes to technology trends. Hardware was big hit last year for Slovenian entrepreneurs, with almost half of all funds raised, with machine learning and blockchain taking most of the rest.

Primary Technology Platform

Primary Industry

All Time Leaderboard

Since 2005, 258 startups raised over $350M in over 400 transactions. Some founders have raised multiple rounds by now, experiencing different types of capital, while other are just starting. Unpublicized deals amounted for a third of all funds raised in 2016, and one half since 2007.

Rock-stars

(raised over $10M)
  • Lyst
  • Layer
  • Uniplaces
  • Urban mining company
  • iconomi
  • bellabeat
  • Celtra
  • bitstamp
  • elaphe
  • emotech
  • zemanta
  • + stealth startups

Top-Tier (>$1M)

  • goopti
  • 4th office
  • Flaviar
  • solviol
  • sphericam
  • Visionect
  • Mimovrste
  • databox
  • Azumio
  • Iddiction
  • Iptvbeat
  • citadela
  • kosei
  • Reveel
    • Trainers4me
    • DoubleRecall
    • ipd med
    • orpe
    • bia separations
    • Mountvacation
    • 1nadan
    • eurosender
    • flykly
    • TMG-BMC
    • TAB Systems
    • gnowbe
    • + stealth startups

Next Generation (>$150k)

  • goat story
  • mesi
  • Connet
  • iTIVI
  • Codeable
  • CubeSensors
  • ulu.io
  • Sipa Boards
  • Apartmaji.com
  • Fieldoo
  • Facility
  • mediately
  • Vox.io
  • maglev
  • Viberate
  • ZivaDynamics
  • Lumu
  • chipolo
  • kaymu
  • kinestika
  • pipetop
  • cashila
  • povio
  • booxscale
  • nizkocenovci
  • Xvida
  • adora
  • doctrina
  • Borza terjatev
  • Red Pitaya
  • carlock
  • 45HC
  • Scoutee
  • Ondu
  • Adeption
  • Prospeh
  • blockr.io
  • Calypso Crystal
  • Modri Planet
  • Vastok
  • Ponika
  • Optilab
  • Enikam
  • Viar
  • DS meritve
  • Medicoapps
  • NEXT
  • Povezani
  • squrb
  • zenodys
  • trickytribe
  • + stealth startups

Legislation Challenges for Growing Startups

After years of working with startups, multiple legislative issues remain unadressed, but at least they are becoming apparent to the community. Ales Spetic wrote a good overview of all topics that need to be improved in order to get Slovenia to next level as startup-friendly country. Here is the summary, but everyone should read the source. And then demand these things improve.

Process Problems

  • Physical presence of investor required
  • Company can't buyout inactive founders
  • Small funds and syndicates are illegal

Tax Problems

  • Capital reinvestments are not encouraged
  • Stock options are prohibitively expensive

Business Problems

  • Unclear process for foreigners w/ FURS and others
  • Employment of foreigners is hard
  • Labor rules and regulations too complex for small companies

...and that is why on average 100 mio EUR of capital that could be invested into Slovenia anually flows elsewhere. Unfortunately in the hands of young Slovenian entrepreneurs that leave with it...

Annoucing Dealbook Slovenia


So far this infographic was produced once per year, because it involves a lot of manual work to collect data and because all the information was maintained in a simple spreadsheet.

D-Labs graciously volunteered to implement and host a web-app that will serve as a more proper, collaborative, dynamic database of all the startup activities.


https://www.dealbook.si